Article Synopsis
Gold futures have hit record highs, reaching $2,555.2 per ounce, making it one of the top-performing assets this year with a 23% gain. Central banks, particularly in emerging markets, are driving demand with record gold purchases, boosting gold’s status as a reserve asset.
Despite recent inflows, gold funds have seen overall outflows this year, indicating that interest might be shifting. The rally has attracted attention from traders and investors as gold serves as a hedge against uncertainty and market volatility.
Why gold is outperforming nearly everything so far this year
Aug 28,2024
Article from Yahoo Finance by Jared Blikre
Article Synopsis
